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HomeMy WebLinkAbout1465 ' . ~ ~ . • . - r - ~ . ; ~ . , . . . i~ ~ ` ' ~ UEEU RE(.Of~US ~ ~ ~ ~~«~;~4 ira~F in~~ vo~~.423 FAcE$7fi = : Parase~Plu lT.ia • ~ 1 ~ . againat, claims for losses, damage or injury, inclnding death of or • injnry to the peraon or damage to the property of others, arising dnring the Lease Term that inay be occusioned by uny canse ~vhatscever and will pay all eapenses of Properties related thereto; provided, that ~ - Pro rties shall reimbnrse the Com an for ~ 1~ p y payments made by the Company pursuant to this Paragraph 17 to the eztent oY any pro- ~ ceeds, net of all expenses of collection, actnally received by Propertiea ' from any insurance ~vith respect to the loss snstained. Propertiea i shall have no dnty to claim any such insnrance proceeds bnt, if the Company sLall so request, Properties shall assign its ri~hts to snch proceeda, to thc extent of qnch reqnired reimbnrsement, to tLe II Company. ! 1H. TBBMINATION OF LEASB. • f ~ (a) Termination. IIpon the occnrrence of any of the following ; ~ events the term of this Lease and all of the estate, right, title and ~ interest herein granted to or vested in the Company shaU, $nbjeet to ~ the farther provision8 of this Parag?raph 18, terminate: ~ i If the Com an shall fail to p y pay any bsaia rent paynaent ~ wheu the same becomea dne and payable, or if the Company ahaU f defanit in the performanee of any other of the terms, provieiona, - covenants or conditions on its part to be performed, hept or ob- served hereunder and Properties, with the written consent of the Trnstee, shall thereafter elect to terminate thia Lease by g?iving 15 days' written notice, in the case of failnre to pay basic rent, to the Company specifying ench failnre and anch election to terminate ~ ' or by giving 60 days' written notice, in the case of ench other default, to the Company specifying such other defanlt and ench ~ election to terminate, anch termination to beeome effective npon the eapiration of 15 daye, or 60 day.s, as the case may be, from the date of the mailing by Propertiea of such notice, nnlesR _ within snch 15-day period all accraed nnpaid basic rent aLxD have ~ been paid plus any cost and eapenses to Propertiea and the Trnatee occasioned by such default or within snch 60-day period snch ~ other defanlt so speciSed ahall have been fully cured; provided, ~ however, that if such other default is not with dne diligence curable ~ , within such 60-day period but is curable with fnture dne diligence, ; such termination ahall not become effective so long aa the Company ; ghall be proceeding with due diligence to cnre such other defaalt; or ~ : ~ ' i ~ ~ ~ I ~ ~ r r~ ~ L ui'ri~ ~ ~ 4~ s ~ } .